Ladder Capital Target of Unusually Large Options Trading (NYSE:LADR)

Share on StockTwits

Ladder Capital Corp (NYSE:LADR) was the recipient of some unusual options trading on Thursday. Stock traders purchased 5,847 call options on the stock. This is an increase of 6,325% compared to the typical daily volume of 91 call options.

LADR has been the topic of several research reports. Deutsche Bank raised Ladder Capital from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, March 2nd. Zacks Investment Research downgraded Ladder Capital from a “hold” rating to a “strong sell” rating in a research report on Friday, January 24th. Compass Point initiated coverage on Ladder Capital in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.10 target price on the stock. Finally, TheStreet downgraded Ladder Capital from a “b-” rating to a “c” rating in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.20.

Shares of NYSE LADR traded up $3.62 during mid-day trading on Thursday, hitting $7.33. The stock had a trading volume of 1,332,076 shares, compared to its average volume of 2,499,673. The company has a debt-to-equity ratio of 2.97, a quick ratio of 51.60 and a current ratio of 51.60. The company has a 50 day moving average of $14.42 and a two-hundred day moving average of $16.74. Ladder Capital has a twelve month low of $2.65 and a twelve month high of $18.97. The firm has a market cap of $568.61 million, a PE ratio of 6.21 and a beta of 1.13.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $86.46 million for the quarter, compared to the consensus estimate of $77.31 million. Ladder Capital had a return on equity of 10.24% and a net margin of 25.24%. During the same period last year, the firm earned $0.45 EPS. Equities research analysts predict that Ladder Capital will post 1.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 18.55%. The ex-dividend date is Monday, March 9th. Ladder Capital’s dividend payout ratio is currently 93.79%.

A number of institutional investors and hedge funds have recently made changes to their positions in LADR. State Street Corp raised its holdings in Ladder Capital by 2.7% in the 3rd quarter. State Street Corp now owns 2,277,116 shares of the real estate investment trust’s stock valued at $40,068,000 after acquiring an additional 59,127 shares during the last quarter. Stifel Financial Corp increased its holdings in Ladder Capital by 14.2% in the 3rd quarter. Stifel Financial Corp now owns 383,491 shares of the real estate investment trust’s stock valued at $6,638,000 after purchasing an additional 47,746 shares during the last quarter. California State Teachers Retirement System increased its holdings in Ladder Capital by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 161,151 shares of the real estate investment trust’s stock valued at $2,783,000 after purchasing an additional 1,917 shares during the last quarter. Barclays PLC increased its holdings in Ladder Capital by 18.7% in the 3rd quarter. Barclays PLC now owns 81,335 shares of the real estate investment trust’s stock valued at $1,405,000 after purchasing an additional 12,827 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in Ladder Capital by 622.3% in the 3rd quarter. Voloridge Investment Management LLC now owns 151,166 shares of the real estate investment trust’s stock valued at $2,611,000 after purchasing an additional 130,238 shares during the last quarter. 53.03% of the stock is currently owned by institutional investors.

Ladder Capital Company Profile

Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.

Recommended Story: Conference Calls

Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.